XE•X-energy’s third-quarter 2026 net loss narrowed 62% year over year to $83.68 million, while revenue and grant income more than doubled to $66.34 million. Operating expenses more than doubled to $169.94 million.
X-energy said increased activity under the DOE’s ARDP agreement primarily drove the rise in revenue and grant income. Higher direct costs and selling, general and administrative expenses primarily drove the increase in operating expenses.
Dow’s Long Mott nuclear project in Texas received its NRC construction permit more than a month ahead of schedule. A joint development agreement with AEP advances feasibility work for a proposed 960 MW Indiana reactor project, with Amazon providing development funding.
